Day: August 2, 2019

Crypto Derivative Platform FTX Introduces Alternative to Short Alts

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CoinDesk reports that new crypto derivatives platform FTX has launched one of the most abstract and strangely-named futures index fund in the cryptocurrency market. The index, dubbed Shitcoin Index Perpetual Futures or SHIT-PERP, is a 58 low market cap coins index. It is flanked by other low-cap indices ALT-PERP and MID-PERP and includes projects such as Grin, Nano, and Waves. FTX’s Connection with Alameda Research The derivative platform was opened in spring after an incubation program under Alameda Research began. The FTX derivatives platform operates an over the counter desk,…

‘Do Not Paint Us With a Broad Brush’

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Ripple, whose business is built on providing financial institutions with an infrastructure to facilitate international payments and currency trades, has always been a more likely ally to governments and regulators than most other major blockchain projects and cryptocurrencies. Seeking to enhance rather than disrupt the operations of the legacy financial industry, the company has been long stressing the importance of a clear-cut policy framework for the banks to fully reap the fruits of blockchain-powered innovation. The regulatory pushback against Libra, Facebook’s recently announced cryptocurrency, has apparently spurred Ripple’s determination to…

Circle OTC Trading Branch Head Daniel Matuszewski Resigns

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Daniel Matuszewski, head of over-the-counter (OTC) trading at the money transfer and BitLicensed crypto trading company Circle, has resigned. The Block reported news of Matuszewski’s departure on August 2. He apparently said that he was resigning to pursue a “brand new entrepreneurial opportunity in crypto.” According to the report, an anonymous source has said that Nick Gustafson will be entering Matuszewski’s prior role. Gustafson previously worked as a trader at cryptocurrency exchange Kraken’s OTC unit, and appears to have worked as a trader at Circle for a little over a…

Bitcoin Goes Beyond $10K, US Stock Markets Drop Amid Trade War Fears

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Friday, Aug. 2 — Bitcoin (BTC) consolidated at around $10,500, while the top 20 coins by market cap are seeing mixed signals. 13 out of 20 top cryptos by market cap are seeing green at press time, with Texos (XTZ) recording the biggest gains in the list, up more than 6%, according to CoinMarketCap. On the other hand, Litecoin (LTC), the fourth biggest crypto, dropped the most, down more than 4% over the past 24 hours. Market visualization from Coin360 Following a recent bullish move, Bitcoin continued to fluctuate at…

Donald Trump’s Tariffs on China may be Boosting Bitcoin’s Value

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U.S. President Donald Trump announced on Thursday that almost all goods imported from China will be subject to an additional 10 percent tariff. This escalates further the trade war between Washington and Beijing, threating the global economic outlook. According to Micky, this caused a jolt in the stock markets and may be responsible for the recent rise of Bitcoin, August 2, 2019. The Truth About Tariffs According to an announcement made on Twitter by President Donald Trump, the United States will place an additional 10 percent tariffs on the remaining…

Grayscale to Conduct One of Largest Single Day Crypto Transfers

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Today, digital asset management fund Grayscale Investments will transfer nearly $3 billion worth in cryptocurrency holdings to American major crypto wallet provider and exchange exchange Coinbase. Largest single crypto transfer? As Forbes reported on Aug. 2, Grayscale is going to move almost $3 billion worth of its digital currency holdings, including Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC), and Ripple (XRP), among some other tokens, to Coinbase, wherein Coinbase Custody will serve as custodian of the underlying assets for the company’s products. Together with its cryptocurrency holdings, Grayscale…

Buterin Supports BTC-ETH Mix, as Future of Crypto Is ‘Pluralist’

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Ethereum co-founder said that the future of crypto is pluralist in response to a recent proposal of mixing Bitcoin (BTC) Lightning Network (LN) with Ethereum. Blockade Games using Bitcoin LN as an interface for Ethereum contracts On July 31, blockchain-focused game developer Blockade Games posted an article on implementation of Bitcoin LN as an interface for Ethereum contracts in order to enable instant payments in Bitcoin, while simultaneously triggering a series of events on Ethereum, or any other chain. Ethereum co-founder Vitalik Buterin tweeted on the news on Aug. 2,…

Leicester City FC Renews Partnership With Crypto Investment Platform

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On Aug. 2, English Premier League football club Leicester City FC announced the renewal of its partnership with multi-asset and cryptocurrency investment platform eToro.  EToro’s second season with the Foxes The Foxes’ head of partnerships Harj Hir added: “Our relationship with eToro last season was a really positive one so we’re pleased to renew the partnership and continue our work with such an exciting, innovative industry leader. The global reach of eToro is huge and we hope to further strengthen our relations with them as we embark on our second…

What Is the Difference Between Blockchain and DLT?

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“Blockchain” and “distributed ledger technology.” Many of us have been guilty of confusing these two terms and using them interchangeably. But even though their meanings overlap in a number of areas, and even though they’ve both reached similar levels of public notoriety since the 2017 cryptocurrency bull market, they aren’t quite identical. Yes, they both generally refer to a record of information that’s distributed across a network, and yes, they both foster a greater degree of transparency and openness than had been enabled by earlier, centralized databases or digital records.…

Crypto Industry Now Comprises 7% of Switzerland’s Largest SRO: Report

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Switzerland’s biggest cross-industry self-regulatory organization (SRO) has seen a spike of members from the cryptocurrency and blockchain industry. 88 members of Financial Services Standards Association have connection to crypto The Swiss Financial Services Standards Association (VQF), the oldest and largest SRO in the country, said that 7% of its membership is connected with crypto-related businesses, financial news outlet Finews reports Aug. 2. Simon Waelti, one of the co-CEOs at the association, clarified that 88 members in VQF have a connection to crypto so far, adding that the figure may come…